by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Massachusetts School of Barbering— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Massachusetts School of Barbering, 76% of incoming undergraduates borrow in year one, with a typical loan of $8,469 per borrower, covering both private and federal loans.
The typical federal loan comes to $8,193. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Massachusetts School of Barbering, freshmen included, 66% use federal student loans to help pay for their education, for a typical $7,844 a year. This works out to 4.3% less than the $8,193 freshmen take on.
At a steady annual pace, that totals around $15,688 by year two and around $31,376 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $7,844 |
| Undergraduates with a federal loan | 69 |
| Total federal loans (one year) | $541,233 |
Graduating and withdrawing students at Massachusetts School of Barbering carry a median federal debt of $6,252 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,252 |
| Students who completed (graduates) | $8,294 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Massachusetts School of Barbering.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,277 |
| 75th percentile | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Massachusetts School of Barbering.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Massachusetts School of Barbering follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.0% |
| Borrowers in the cohort | 33 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,393 |
Subsidized vs. Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.